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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: P.Prazeres who wrote (23367)8/5/1998 5:39:00 PM
From: HairBall  Read Replies (1) | Respond to of 94695
 
P.Prazeres: <The Dow closed below the 200 day MA yesterday and right at it today>

Tuesday 8/4/98, Dow Industrials closed at 8487.31 and the 200 day SMA was 8471.15 per my indicators. (Using end of day close numbers, not intra day.)

Regards,
LG



To: P.Prazeres who wrote (23367)8/5/1998 5:46:00 PM
From: bobby beara  Read Replies (2) | Respond to of 94695
 
Paulo, I agree exactly with your call, but please keep it clean this is the family channel. Children can read these threads.

I believe we will see SPX below 1000 by Monday. Too many kahunites have become dipsters in one of the greatest market turns in our century.

This is big complacency! Everybody is laffing off this vertical drop in a matter of a few weeks and the mega caps are still selling @ 25x earnings in the face of declining earnings on the horizon and a possible Clinton impeachment proceeding.

Monday we will break spx 1000 or I WILL EAT MY BIPPY!

bb wannabeeeeeeeeeeeeeeeeee!